I am in a similar boat, but in different water. I withdrew from a Roth IRA, which was rolled over from a Roth 401k. I withdrew less from the IRA than I contributed to the 401k. I have not actually made a contribution to the IRA, other than the rollover amount. What are the proper hoops to jump through to set the basis on my 8606 part III to reflect this situation?
I am tempted to "Enter Prior Year Roth IRA Contributions" with the actual 401k contribution amount like suggested above, but I don't think a 401k contribution technically qualifies as an IRA contribution. There are a couple options, but none of them seem like the correct one.
Just out here running in circles with this mostly great software...
Thanks
